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and in the of fiscal cliff talkings. this is it a number that nides to be addressed. is it that strong that we spend this much money on unemployment benefits. the stupidity of it the guy in the white house had four years to turn it around. he hasn't done it it is idiotic. you have four years and you were begin a man date and why haven't you brought down the rate of unemployment. because they all believe in economics and believe that spending makes everybody happy and makes everybody have a profit. wrong. it is not that. >> they would say they have done something. he passed out all of the unemployment benefits. you say 50 billion it is 520 billion in emergency benefits. that is 520 billion and i don't know not invested in jobs and creating new enterprizeses and redistributed and ultimately destroyed. >> christian, to tracey's point. we have them come on and say they want to hire and they're afraid to hire . it is regulation and other issues. this is behais going to build the other economy. it will create those jobs. >> it is not happening folks. we don't have a situation where you have people who are
should be in trouble with the law. is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares ts on what you need to know. we are on the case next on "the willis report". ♪ gerri: big changes coming to tech giant ibm that may change the way you save for john is 42. mortgage. married. two great kids. he wants to protecect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped ma term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com.
. is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the ♪ [ male announcer ] how could switchgss in argentina, change engineering in dubai, aluminum production in south africa, and theerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidedence. request a prospectus or summary prospectus with investment information, risks, feesnd expenses to rd and consider carefully before investing. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride get the mercedes-benz on your wish list at the wint event going on now through december 31st. [ santa ] hoho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local merces-benz deale ♪ gerri: big changes coming to tech giant ibm that may change the way you save for ♪ gerri: tre is the story out
, fiscal cliff talks, legalize medical marijuana. all the news was fodder for late night comedians this week. here are just some of our favorite late night laughs. >> some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it. >> the unemployment rate has fallen to the lowest level in four years. well, the bad news, most of those jobs involve wearing a red suit, a beard and have a kid pee in your lap. >> house speaker john boehner said his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk, but no action. yeah. a lot of talk, but no action or as they call that in college, date. >> you know what's really popular now, weed. weed. yeah, you can get it in washington legally and you can get it in colorado legally and 60% of americans say they're in favor of legalizing weed and it's, it's too bad that this comes just when twinkies is going out of business. i mean -- >> day two of legalized marijuana in washington state and you think pot smokers are celebrating, you should see ronald mcdonald
what that means for the future. >>> and fiscal cliff talks. stay with us. you're watching "the ed show" on >>> unemployment hits a four had-year low, but republican obstruction is keeping the country from creates more jobs. we'll bring you the latest numbers and i'll ask david cay johnston why now is the time to focus on job creation. >>> and the supreme court will hear two cases on same-sex marriage. we'll get the details from jonathan turly later on in this hour. share your thoughts on facebook and twitter. we're coming right back. >>> welcome back to "the ed show." we have seen a lot of obstructionism from the republicans. trying to stop progress has z how they do business. latest move from senate minority leader mitch mcconnell just might take the cake. he threatened to filibuster his own bill. mcconnell proposed legislation to give the president the authority to raise the debt ceiling. under the plan, congress would need a two-thirds majority to stop him. it's a proposal that president obama likes. so why would mitch mcconnell propose such a bill? to embarrass the democrats. he wa
head attachment. >>> well, we're going to talk about this person, the stalemate over the fiscal cliff, now the subject of a petition on the white house website. demands everyone in congress forfeit their paychecks and health care benefits until the deal is reached on the fiscal cliff. we'll be talking about whether -- we made a mistake earlier, if that person will make a difference for republicans not a representative. if nothing is worked out before the new year, it calls for a two-year, 15% pay cut for both the president and capitol hill lawmakers. so far 10,000 people have signed it. >>> t minus 24 days and counting until the nation could begin that dreaded slide down the fiscal cliff. we're going to get to that in just a moment. well, we're going to do that now. let's listen to house speaker john boehner, he had this to say. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> joining me now, white house correspondent for the hill an
's talking points memo many believe the president has the upper hand in the fiscal cliff negotiations. if we gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think tank the heritage foundation. let's face it the g.o.p. needs new energy. it needs branding help. heck, we have a lot of issues resolve amongst ou
. the president's refusal to budge in negotiations with the g.o.p. on fiscal cliff talks. joining me now university of chicago booth school of business professor and former chairman of the council of economic advisors under president obama, dr. austan goolsbee. dr. goolsbee, where is the stethoscope? come on, i see it there hello, good to see you, austin. >> hey, laura great to see you again. i painted the pictures why conservatives should figure it out and not be in despair. on the other side of the equation you have the president. let's say the president gets his tax hikes. you know, everyone thinks they are going to have higher taxes in the new year. so he gets tax hikes. but then what? i mean, the new normal that's being painted by your friends over at the oecd say our girls will probably be about 2.2%. 2% maybe if we're luck in next year. the new normal even with high taxes doesn't look good. >> yeah. let's hope it's higher than that i think it's going to be a bumpy 60 days in my view. fiscal cliff. as low as that 2% is. the awful state of the world right now is that is about the fa
and in perfect news but the truth is consumer confidence and the fiscal cliff talk could say have something to do with all of it. >> no doubt about it new survey out from reuters, michigan in early december we saw consumer sentiment drop to the lowest level that we have seen since august. that suggests, according to analysts that the increased taxes they are expecting from this fiscal crisis is weighing on consumer spending right now. the other side of this though, of course, is vice president biden went to a diner today to talk to some middle class folks and he basically said he has been talking to business leaders to say the converse of this is if there is a fiscal deal business leaders tell him the economy will be unleashed. take a listen. >> the upside is even bigger than the downside. they are ready to move they have well over a trillion dollars out there continue to vest if they think that the economy is going to move. >> and i have been talking to officials in both pears who say that has been the most surprising thing to leaders in washington here in private is that the markets have remain
be in trouble wi the la. is the season fo giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the we are on the case next on "the willis report". this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am on the naughty list again? ho ho ho! ♪ gerri: big changes coming to tech giant ibm that may change tech giant ibm that may change the way you save for  - ♪ 'cause people got me estioning ♪ ♪ where is the love - ma'am. you forgot your purse. - thank you. oh. thank you very much. - a message from the foundation for a better life. ♪ gerri: there is the story out there not
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to discuss just what all that means for the future. >>> and of course fiscal cliff talk. stay with us. you're watching "the ed show" on msnbc. ♪ the weather outside is frightful ♪ ♪ but the fire is so delightful ♪ nothing melts away the cold like a hot, delicious bowl of chicken noodle soup from campbell's. ♪ let it snow, let it snow >>> unemployment hits a four-year low, but republican obstruction is keeping the country from creating even more jobs. we'll bring you the latest numbers and i'll ask david cay johnston why now is the time to focus on job creation. >>> and the supreme court will hear two landmark cases on same-sex marriage. we'll get the details from constitutional law professor jonathan turley later on in this hour. share your thoughts on facebook and twitter. using the #theedshow. we'll be right back. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if i
is in transportation, too -- we are mired in conversations about the fiscal cliff. we are talking about long-term infrastructure, a long term energy plan. >> this is the perfect opportunity for the government to work together to achieve a common goal. there is plenty of times when our interest might not call last with the interest of either of the parties. this is the opportunity we have never had before. you could have consumer, business, and the government's all working together to take advantage of this huge resource. for us, it makes so much sense because it makes business sense. we get about $1.65 a quilt when natural gas. from the government point of view, everybody is talking about jobs and the fiscal cliff. everyone talks about taxes and what is going to happen with the fiscal cliff. there has been $1500 gone to increase oil prices. you can get them that tax cut today if you invested in our report. everybody talks about entitlements. high oil prices make the social security trust insolvent five years sooner than they would if he did not have high oil prices. america needs jobs and gr
to talk to you. >> thank you. lou: george gilder. much more on the fiscal cliff and the republican messaging, if you can call it that, perhaps tonight's broadcast. he egyptians revolting against the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in moments. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next trying to do to it and us next with peter wallace and. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pn quickly. try fast, long lasting gaviscon®. ♪ lou: house speaker boehner says the president is slow walking our economy to the fiscal cliff. former reagan white house counsel, financial crisis inquiry commission member peter wallace will join me here in just moments. let's take a look at tonight's "moneyline." the dow and s&p managing
here. always great to talk to you. >> thank you. lou: george gilder. much more on the fiscal cliff and the republican messaging, if you can call it that, perhaps tonight's broadcast. he egyptians revolting against the brotherhood. syria apparently mixing chemical weapons. the foundation for defense of democracy joins us here in moments. the unemployment rate drops. so did the number of workers in the labour force. we will be taaking about this economy and what washington is trying to do to it and us next with peter wallace and. ♪ the catal one cash rewards card gives you 1% cash back on all purches, plus a 50% annl bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more fla. [ southern accent ] 50 percent more tars. that's where tots come from. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% aual bonus on the cash yoearn. it's the card for people who like more cash. 50% more spy stuff. what's in your wallet? this car is too small. ♪ lou: house
purchase, every day! what's in your wallet? here's your invoice. >>> new job numbers, fiscal cliff talks, legalized marijuana, all the news was fodder for late night comedians this week. >> some good news, some good news. the u.s. unemployment rate is now the lowest it's been in four years. or as makers of sweatpants put it, uh-oh. >>> climate rate has fallen through its lowest level in nearly four years. the bad news, most of those jobs involve wearing a red suit, a beard and having a kid pee in your lap. >> house speaker john bainers says his efforts to work with president obama on the fiscal cliff have resulted in a lot of talk but no action. yeah. a lot of talk but no action, or as they call that in college a date. >> good morning, everyone. i'm randi kaye. victor is off today. it's 9:00 on the east coast. 6:00 a.m. out west. thanks so much for starting your day with us. we start this morning with the supreme court and the decision to hear two major cases on same-sex marriage. justices will hear arguments against the federal government's defense of marriage act and california's propo
, all of this, all of this, is if they go over the fiscal cliff and they don't fix it, and they never fix it, right, the worst case scenario. my question for you. so much talk about taxes for the rich but isn't it true if the sequester goes into effect and isn't fix this will d disproportionately hurt the poor? >> it would because it would be tax increases on middle and working class americans and hard cuts across the board in defense and domestic programs, including education and job training so there's -- >> 700,000 mothers and children will lose nutrition assistance and 80,000 fewer child care subsidies and 14,000 fewer homeless would receive assistance. this is what agencies are preparing for as they do these cuts. >> remember, congress set this up. they set the cliff up in an effort to be responsive, to quote, the need for deficit reduction. they set this deadline. they have the option of pushing the deadline back and continuing to negotiate, but they ought to get together and flex their positions a little bit, and i think they can find common ground, but here's the most importan
cliff. talking a trillion dollars in cuts over ten years. that would mean furloughs for some federal workers, slower hiring, outside contracting, the closer we get to the cliff, the more real it begins to seem. how does that then change the negotiations? >> well, i think it's all part of the political pressure the white house is trying to apply to the congressional republicans. we saw the same thing in '11 when we had the near government shutdown and the dispute over the debt ceiling. the closer we get to the debt line, the white house starts talking act what kind of specific impact this would have. in terms of the fiscal cliff, higher taxes on everybody. one thing that will happen without an agreement, all the bush tax rates go away, so everyone's taxes are going to go up. you'll see that emphasized over the next couple weeks. you'll hear the white house talk about what a bad situation there will be after january 1 if this deal is not cut. >> david jackson, "usa today," shira toeplitz, "roll call." we appreciate your time so much we'll talk to you later in the hour as well. >> thank
of the so-called fiscal cliff discussions. then all look at the lobbying going around the fiscal cliff negotiations by clients in washington. our guest is anna palmer. and later a discussion on syria and the response from the international community. live at 7:00 a.m. eastern here on c-span. this week on news makers, the vermont governor and chair of the democratic governors' association peter shumlin. he talks about the fiscal cliff and laying the groundwork for the 2013-2014 election. that is at 10:00 a.m. eastern on c-span. >> in president obama's weekly address, he talks about tax policy, the tax cuts put in place by the previous administration that will expire at the end of the year. then the republican address on the economy, jobs, and education policy. >> hello, everybody. over the last few weeks, there's been a lot of talk about deadlines we're facing on jobs and taxes and investments. but with so much noise and so many opinions flying around, it can be easy to lose sight of what this debate is really about. it's not about which political party comes out on top, or who wins or
chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork for the 2013 and 2014 elections. lives on sunday at 10:00 a.m. eastern. next, a quick look at president obama and the first family last week at the national christmas tree lighting ceremony. ♪ [applause] >> merry christmas, everybody! >> it is great to see you all. happy holidays. happy holidays, mr. president. >> is it time? i think it's time. i hope everybody is ready. we have to do the countdown. starting with five. 5, 4, 3, 2, 1. [cheers] ♪ >> merry christmas, everybody. ♪ >> please welcome the director of washington and st. john's church. >> let us about our heads in prayer. let us prey. gracious god who has blessed us with this good land for our heritage, we humbly pray that we may always prove ourselves to be a people mindful of your favre and glad to do your will. we pray that you will save us from violence and confusion, from pride, arrogant, and fear of each other. defend our liberties and fashioned into one united people of the multitude brought here fr
of the nation's governors this week to talk about the fiscal cliff. what was said. utah governor gary i harper will join me at 1:30. he was there. we'll talk to him here on "weekends with alex witt." wasn't my daughter's black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. yofor giving the perfect gift?le just have a knackve gas. they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. [ male announcer ] you've reached the age where you don't back down from a challenge. this is the age of knowing how to make things happen. so, why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an
the fiscal cliff without referring to the incipient cause, there rid of it all, and that is why i believe it is entirely appropriate told the president accountable for the fiscal cliff because this is the oly bullish and work here. it is this president who s decided to issue an ultimatum. fit on taxes and being raised on nly 2 percent of the people. secondly, insisting that he debt ceiling issue be compounded with it all. this is without question an ultimatum, the consequces are his. what do you think? >> well, i am afraid that even though the consequences are his, the consequences for the economy will be his. i think he is betting, i think there is pretty good evidence right now that he is betting that he can win this argument because the media and his megaphone enable him to persuade the american people that the republics will be the case of the troubles that we will face if we go over the cliff. lou: history is littered with examples of thse to proceed and rationally so but came up against creative, energetic opposition tt found a way to prevent. it always agree -- great to talk with y
cliff. that is not a good way to talk about what's going on right now. >> mr. reich, let me ask you the same thing. do you think there's code suggesting they are working towards something? because, doug, as you point out, the language was really harsh during this week. but all of a sudden, here we are friday evening and people are saying these kind of soft things that say maybe compromise. what do you think, robert? >> i think doug is right. it's too early to break out the champagne, but undoubtedly, the rhetoric is softening as we get closer and closer to the christmas holidays. these people want to go home. they want to have a holiday. they know that they cannot go home to their constituents and say essentially, i couldn't get anywhere. we're going to go over the fiscal cliff together. and that's particularly true and particularly difficult for republicans because the way the polls are showing the public's anger with this process, the republicans are going to get most of that anger. and they are the same polls that in fact, the gop is listening to and watching, and boehner is very
the fiscal cliff for months. i call it the economic storm of our own making. some of you think the talk is overblown. will a failure by washington to avert the fiscal cliff mean catastrophe for the u.s. economy? i'll debate with richard quest next. zza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? (announcer) when subaru owners on elook in the mirror,y day! they see more than themselves. so we celebrate our year-end with the "share the love" event. get a great deal on a new subaru and 250 dollars goes to your choice of five charities. by the end of this, our fifth year, our total can reach almost 25 million dollars. it's a nice reflection on us all. now through january 2nd. and his new boss told him two things -- cook what you love, and save yo
stability in several markets but there's talk about limiting mortgage deductions with the fiscal cliff negotiations sometime next year. couldn't that impact the recovery? >> it could. obviously it might be relegated to more affluent households in terms on of the ability to do a deduction either in full or part. tend of the day there's a large household informq.rjz that's occur that's going to drive perspective homeowners into the market regardless. >> tom: let's get to the pic3sb here. you do like housing stocks with the home builders etf. what do you anticipate. they've had a nice run already. >> they've been terrific. >> tom: put new money to work. >> they've doubled or better and yes we would. they may be subject to profit taking but nonetheless we still think we're in the early innings of the house recovery. >> tom: you also like technology. is this a play on your business investment expectations for next year. >> it is, if business wallets open up we expect the destination for some of that money to go towardsxd more productive enhancing tools and they've been under investing in
of the hour there he is. what fiscal cliff? congress apparently would rather talk about elvis. frankly, i would, too. tell you that story coming up. ♪ everybody let's rock. r stayin? yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. and he has already killed tens of thousands bashar assad is ramping up chemical arsenal. dick cheney says the white house doesn't care. >> the president can make bold statements and bold talk as he did in the last couple of days about developments in syria. but i don't think they care. >> more from the former v.p. coming up. >> plus, it's the most watched video on the internet and set to perform for the president. wait until you hear what he said about our soldiers gangnam style. >> "fox & friends" hour three starts right now. >> >> welcome into "f
] >> tomorrow we will talk about the latest out of the fiscal cliff negotiations. then a look at the lobbying going around the fiscal of negotiations by clients in washington. our guest is an up polymer. later, the response from the community. >> this week the new chairman of the governors' association. he talks about the so-called fiscal cliff, affordable care act and the groundwork for the elections. what newsmakers live sunday it 10:00 a.m. eastern on c-span. >> it was estimated that the land of hiroshima would cause our fishermen to be killed. >> as harry truman's grandson, i'd choose to honor both -- the sacrifice of american servicemen fighting their way through the pacific end of the door girl like sadoku who died as the result of an atomic bombing. it is unimaginable what that must have been like to be close to that of where that fireball originated. >> follow him on his journey to hiroshima sunday on c-span3. he joins us to discuss meetings with survivors and the inspiration for his trip at 9:00 p.m. eastern. >> next, we will look at the new communist party of leadership in china and
discover, is worry about the debt and the fiscal cliff. our program today, just briefly, others will talk, and we will give the polling results, and then a senior national journal member will have a panel discussion. it is a terrific day, i think. please turn these off. and, again, i welcome you. joan is the executive vice president of the country's largest insurance. you are in good hands with all state. joan has been a terrific partner. she is responsible of corporate relations for allstate. she did civil -- similar work with monsanto and others. she is a consummate marketing and communications strategist, which is what washington is all about, so thank you very much and welcome. [applause] >> ok. thank you. john, for that introduction. the national journal has been a terrific partner in supporting our work and the challenges that the american middle-class has been facing during this great recession, and i thank them for that. many thanks also to end, who will take us through the polling data to date -- many thanks take us through the polling data today, as well as one of his associates
the fiscal cliff? >> oh, absolutely. gwen: behind the scenes -- tea party pressure, as the movements most prominent senator builds a new platform. >> a lot of my role in the senate has been stopping bad things and saying no to bad things, but we need to do more than that gwen: abroad, tensions in syria on the rise. can the u.s. intervene? should we? covering the week -- jackie calmes of "new york times," eamon javers of cnbc, amy walter of abc news, and james kitfield of "national journal." >> award-winning reporting and analysis covering history as it happens. live from our nations capitol, this is washington week with gwen ifill, produced in association with national journal. corporate funding for washington week is provided by -- ♪ >> wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> we know why we're here. to charlotte a greater path, in the air and in our factories. >> to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >> around the globe, the people of boeing are work
to avoiding the fiscal cliff. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the whitehouse has wasted another week. >> speaker boehner and president obama spoke only once this scombeek boehner called the talk unproductive. boehner did not say e, he did not repeat his demand to keep tax cuts for the wealthy in place. the president insists taxing should go up on the top 2% of income earners. nancy pelosi responded to criticism that democrats are to blame for the stale meat. >> boehner says that democrats are slow walking this had but this is the same leader who had the house in session barely a full day of this week. >> if a deal is not reached by the end of this year, automatic tax increases and spending cuts go into effect. >> transportation officials today called for the use of data recorders to help improve drive driver safet . these would record vehicle speed, air bag deployment and whether seatbelts were buckled. they say installing those recorders would help gather valuable information. the agency would like to them see them in
that i am very concerned about the fiscal cliff but tearing up over besse cooper and the 8-year-old twins from oklahoma. what a morning you're having. >> what a life she had. >> amazing. >> well, let's talk about the cliff now that your eyes are dry. i hope this doesn't bring you to tears -- >> not yet. >> 24 days and counting until that deadline. but for the average american, what will it look like if we go off the cliff? will it be better for anyone? this is a very stressful time. you know, people talk about the cliff like it's this major event, which it is, but almost like a y2k. what are things going to look like january 2nd? from a paycheck perspective, you'll see less money in your paycheck if we do fall off the cliff. as far as the economy goes, not really a cliff. more like a slope and we are going to see most likely an economic slow down where jobs are going to slow down because we're not going to see companies expand. we're not going to be seeing them grow and this economy that we've been hoping to see in recovery really headed in the other direction. we can really face a recess
on the so-called fiscal cliff negotiations and preview the week ahead. beat politico reporter discusses the role of lobbyists. and an update on the situation in syria. that is live at 7:00 a.m. eastern on c-span. >> this week on "newsmakers," gov. peter shulim discusses the fiscal cliff and its impact. that is a 10:00 a.m. eastern on c-span. >> we have had these explosions of knowledge. but we have not coordinated care and all of these services have so many cracks that the cracks are as harmful
prospect of the nation going over the fiscal cliff, the november jobs report delivered better-than- expected news. the labor department said the nation's unemployment rate fell to 7- point-7 percent last month, the lowest in almost four years. >> it's a steady report that shows we continue to see jobs coming back but we still have a long way to go. >> businesses added 146,000 new jobs. retailers, boosted by holiday hiring, accounted for about one- third of them. economists expected about 77,000 new jobs, given the toll of superstorm sandy and concerns about the fiscal cliff. tax increases and spending cuts are set to trigger after january first unless the white house and congressional republicans strike a compromise. house speaker john boehner said friday the president's current approach could hamper future job growth. >> because the risk the president wants us to take, increasing tax rates, will hit many small businesses that produce 60 - 70 percent of the new jobs in our country >> democrats argue that without tax increases on the the revenue necessary to combine with the sa
for the labor department. >> in terms of the fiscal cliff, so far we are not seeing any big impact. >> reporter: not even an impact on retail which, for all the talk of online supplanting bricks-and-mortar buying, added 53,000 jobs last month-- much of it holiday hiring, no doubt-- but a healthy 140,000 overall increase in the past three months. not all the new numbers were festive, however. construction shed 20,000 jobs, though perhaps influenced by sandy. manufacturing dropped 7,000. grinchier still, job growth in september and october was revised down by 49,000 jobs. and for all the talk of a lower unemployment rate, its explanation seemed to be that several hundred thousand more americans stopped looking for work in november and were counted out of the labor force. again, economist holtzer. >> this month's change was driven completely by the fact some people stopped looking. last month's drop in unemployment really was driven by people becoming employed. the fact the unemployment rate has dropped from over 10% over the last two or three years part of that is real job gaining by some people
the release of the fiscal cliff coming up. janu will have the lead is with our forecast coming up. >> we are back. president obama is continuing to push for his middle class tax cut plan. in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not solve the nation's 16 trillion dollar debt. he says the only way to do that is through economic growth and reform of entitlement programs. rubio says that limited government can help restore the middle class. >> be extra careful of side due to the fog. this is a view from our mt. tam and there is fog in the midst of clouds. it is partly cloudy. it is mostly sunny conditions for the afternoon. clear skies are expected for the a
brownstein to talk about the fiscal cliff, job creation, and deficit reduction. >> let me introduce the moderator, ron brownstein. he is the editorial director of "national journal" and the "atlantic." he oversees political coverage coming out of our company. he writes a weekly column for "national journal" and is regularly on major cable networks and the real networks. dare i say, he is the most astute political analyst in washington. we have had changes. gene sperling at the last minute could not make it. there is a meeting going on right now, which may be productive -- maybe not. we have congresswoman allyson schwartz from pennsylvania, who has served on the ways and means committee in the house and now on the budget committee. she has become a big deal. we are happy to have you with us. >> thank you. gene was summoned a way for a meeting, which may or may not be good news on the fiscal front. i hope this will be less eventful than the last panel i moderated. i was at harvard where they do the debrief every four years with the senior campaign officials of both teams. we were in t
here. if we all end up diving off this fiscal cliff, it doesn't make the deficit worse. it makes the deficit better. it would go a long way toward curing the deficit, but the deficit isn't the immediate problem for most people, the weak economy is. >> i agree. >> and if we dive off the fiscal cliff, the economy could get much weaker. that's -- >> by the way -- >> -- millions of americans. it's a problem for barack obama. >> just to back you up, i really think the great thing is the economy is just starting to lift up. the unemployment rate is really starting to come down. we're getting good job production. thank you so much, ladies, for coming on tonight. thanks for the sharp thinking we got tonight. >>> up next, if you can't win by the rules, change them. that's what republicans are trying to do in pennsylvania. they don't like the electoral college because it didn't work for them. come back for the place for politics. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows...
are talking again. but that is about the only thing close to progress in efforts to avoid the fiscal cliff. president obama used his weekly address insisting he is ready to make the tough decisions on spending cuts. >> i am willing to make more entitlement spending cuts on top of the one trillion in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families then we're also going to have to ask the wealthiest americans to pay higher tax rates. that is one principle i wouldn't compromise on. >> speaker john boehner has a different view. he says the president needs to abandon what he called his "my way or the highway approach," in his words. if the president does that a lot of things are possible. >>> syrian rebels are battling army units around the capital. activists say 26 people were killed in the damascus suburbs today, while 29 more were killed around the country. meanwhile, the u.s. and other of
and more on the fall out in of the looming fiscal christ u cliff. there will be no deal without tax increases . art lakker former member of the reagan advisory board said it is not good economics and it will contribute to more lay offings. he predicts despite the protest, the gop will lose and the president will make good on his promise. >> we want higher tax rates on the higher income earners and that the worst place to raise tax rates. they are employers and purchasers and they're the job creators and the last people you want to provide disincentives. the president will want it and giveget it and win the battle on the higher income people. >> you think that the gop will cave in. >> on this issue they have to . the gop, forgive me, uma. i am nolt an expert. i would like to see them passlet tax bill and extend it for people under $250,000 . extend the tax cuts for over $250,000 as well. in two separate bills and the democrats take full responsibility for the tax increases and they will own the bad economy of 2013 and 14 . the republicans can change government and bring back sensible
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